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Trade Strategy 7.19.18

Markets
 
In Asia, Japan -0.1%. Hong Kong -0.4%. China -0.5%. India -0.1%
In Europe, at midday, London +0.1%. Paris -0.5%. Frankfurt -0.5%
Futures at 6:20, Dow -0.2%. S&P -0.3%. Nasdaq -0.4%. Crude -1.3% to $66.88. Gold -1% to $1215.60. Bitcoin flat at $7377. 
Ten-year Treasury Yield +2 bps to 2.9%
 
(Source: Seeking Alpha)
 
Economic Calendar

8:30 Initial Jobless Claims
8:30 Philly Fed Business Outlook
9:00 Randal Quarles: “Alternative Reference Rates Committee Roundtable”
9:45 Bloomberg Consumer Comfort Index
10:00 Leading Indicators
10:30 EIA Natural Gas Inventory
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

S&P 500

Today is Cycle Day 3 (CD3)…Having fulfilled Cycle objectives, prices are a touch softer in overnight trade currently finding a buy response at 2806 3 Day Central Pivot. We’ll mark this level are “key support” with up-channel intact. It would take a violation and conversion below 3 day low to change the current bullish condition.

Market Bias: Short-term: Bullish

CD3 Range High = 2828.75          CD3 Range Low = 2795.50          CD3 Range Avg = 29.00 

Scenario 1: IF price holds bid at or above 2806 handle, THEN initial objective targets 2814.75, followed by 2818.00.

Scenario 2: IF price violates and converts 2806 handle to resistance, THEN downside measures 2800 – 2795 zone.

Range Projections and Key Levels (ES) September (U) Contract

HOD  ATR Range Projection: 2825.00; LOD ATR Range Projection: 2799.25; Cycle Day 1 Low: 2789.75; 3 Day Central Pivot: 2806.50; 3 Day Cycle Target: 2816.50; 10 Day Average True Range 18.75; VIX: 12.46

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 3 (CD3)…Having fulfilled Cycle objectives, prices are a touch softer in overnight trade currently finding a buy response at 7380.25  3 Day Central Pivot. We’ll mark this level are “key support” with up-channel intact. It would take a violation and conversion below 3 day low to change the current bullish condition.

Market Bias: Short-term: Bullish

CD3 Range High = 7423.25          CD3 Range Low = 7364.25          CD3 Range Avg = 107.75

Scenario 1: IF price holds bid at or above 7380 handle, THEN initial objective targets 7398.25, followed by 7416.

Scenario 2: IF price violates and converts 7380 handle to resistance, THEN downside measures 7364.25 – 7355.00 zone.

Range Projections and Key Levels (NQ) September (U) Contract

HOD  ATR Range Projection: 7449.00; LOD ATR Range Projection: 7376.75; Cycle Day 1 Low: 7292.50; 3 Day Central Pivot: 7380.25; 3 Day Cycle Target: 7421.00; 10 Day Average True Range: 77.42; VIX: 12.46

Click Here

Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.

Stay Focused…Non-Biased…Disciplined  ALWAYS USE STOPS!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.

Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.

This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

Trade Strategy 7.18.18

Markets
 
In Asia, Japan +0.4%. Hong Kong -0.2%. China -0.4%. India -0.4%
In Europe, at midday, London +0.6%. Paris +0.5%. Frankfurt +0.6%
Futures at 6:20, Dow +0.1%. S&P flat. Nasdaq -0.1%. Crude -2% to $66.74. Gold -0.4% to $1222.40. Bitcoin +0.8% to $7374. 
Ten-year Treasury Yield flat at 2.86%
 
(Source: Seeking Alpha)
 
Economic Calendar

7:00 MBA Mortgage Applications
8:30 Housing Starts
10:00 Powell to deliver the semi-annual monetary policy testimony before the House Financial Services Committee
10:30 EIA Petroleum Inventories
2:00 PM Fed’s Beige Book

S&P 500

Today is Cycle Day 2 (CD2)…Price has fulfilled 3 Day Cycle Target  (2816.25) in prior session. Overnight trade is quiet as price is anticipated to back n fill absorbing recent gains. Trend remains strong as dips buyers remain active.

Market Bias: Short-term Bullish

CD2 Range High = 2833.25          CD2 Range Low = 2793.50         CD2 Range Avg = 28.50

Scenario 1: IF price holds bid above 2813.00, THEN initial upside objective is 2816.50, followed by 2821.00.

Scenario 2: IF price holds offer below 2813.00, THEN initial downside objective measure 2810 – 2808 zone, followed by 2805 – 2802 zone.

Range Projections and Key Levels (ES) September (U) Contract

HOD  ATR Range Projection: 2830.75; LOD ATR Range Projection: 2796.00; Cycle Day 1 Low: 2789.75; 3 Day Central Pivot: 2802.75; 3 Day Cycle Target: 2816.25; 10 Day Average True Range 20.50; VIX: 12.02

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Price has fulfilled 3 Day Cycle Target  (7421.00) in prior session. Overnight trade is quiet as price is anticipated to back n fill absorbing recent gains. Trend remains strong as dips buyers remain active.

Market Bias: Short-term Bullish

CD2 Range High = 7464.75         CD2 Range Low = 7386.25          CD2 Range Avg = 96.50

Scenario 1: IF price holds bid above 7425.00, THEN initial upside objective is 7437.75, followed by 7462.00.

Scenario 2: IF price holds offer below 7425.00, THEN initial downside objective measure 7414 – 7410 zone, followed by 7386.25 – 7376.00 zone.

Range Projections and Key Levels (NQ) September (U) Contract

HOD  ATR Range Projection: 7497.75; LOD ATR Range Projection: 7353.25; Cycle Day 1 Low: 7292.50; 3 Day Central Pivot: 7376.00; 3 Day Cycle Target: 7421.00; 10 Day Average True Range: 84.50; VIX: 12.02

Click Here

Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.

Stay Focused…Non-Biased…Disciplined  ALWAYS USE STOPS!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.

Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.

This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

Trade Strategy 7.17.18

Markets
 
In Asia, Japan +0.4%. Hong Kong -1.3%. China -0.6%. India +0.5%
In Europe, at midday, London -0.2%. Paris -0.4%. Frankfurt -0.1%
Futures at 6:20, Dow -0.1%. S&P -0.2%. Nasdaq -0.3%. Crude flat at $68.03. Gold +0.2% to $1242. Bitcoin -0.2% to $6716. 
Ten-year Treasury Yield flat at 2.85%
 
(Source: Seeking Alpha)
 
Economic Calendar

8:55 Redbook Chain Store Sales
9:15 Industrial Production
10:00 Powell to deliver semi-annual monetary policy testimony
10:00 NAHB Housing Market Index
4:00 PM Treasury International Capital

S&P 500

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 2781.75. Average Range for CD1 is 26.75 handles. Odds of decline > 10 handles = 72% Odds of decline > 20 = 42%

Market Bias: Short-Term – Bullish

CD1 Range High = 2812.50         CD1 Range Low = 2778.50         CD1 Range Avg = 26.75 

Scenario 1: IF price clears and converts PC (2796.50), THEN upside objective measures 2802 – 2805 zone.

Scenario 2: IF price violates and converts PC (2796.50), THEN downside objective measures 2790 – 2788 zone.

Range Projections and Key Levels (ES) September (U) Contract

HOD  ATR Range Projection: 2810.00; LOD ATR Range Projection: 2782.00; Cycle Day 1 Low: 2761.75; 3 Day Central Pivot: 2797.50; 3 Day Cycle Target: 2817.25; 10 Day Average True Range 19.50; VIX: 13.11

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 7321.75. Average Range for CD1 is 93.50 handles. Odds of decline > 20 handles = 72% Odds of decline > 25 = 64%

Market Bias: Short-Term – Bullish

CD1 Range High = 7347.75          CD1 Range Low = 7288.75          CD1 Range Avg = 93.50

Scenario 1: IF price clears and converts PC (7321.50), THEN upside objective measures 7339.00 – 7347.75 zone.

Scenario 2: IF price violates and converts PC (7321.50), THEN downside objective measures 7288.75 – 7278.50 zone.

Range Projections and Key Levels (NQ) September (U) Contract

HOD  ATR Range Projection: 7369.75; LOD ATR Range Projection: 7266.75; Cycle Day 1 Low: 7265.25; 3 Day Central Pivot: 7361.25; 3 Day Cycle Target: 7360.00; 10 Day Average True Range: 72.25; VIX: 13.11

Click Here

Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.

Stay Focused…Non-Biased…Disciplined  ALWAYS USE STOPS!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.

Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.

This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

Trade Strategy 7.16.18

Markets
 
In Asia, Japan +1.9%. Hong Kong +0.1%. China -06%. India -0.6%
In Europe, at midday, London -0.8%. Paris -0.2%. Frankfurt +0.1%
Futures at 6:20, Dow flat. S&P flat. Nasdaq +0.1%. Crude -1.6% to $69.87. Gold +0.2% to $1243.40. Bitcoin +2.8% to $6527. 
Ten-year Treasury Yield flat to 2.83%
 
(Source: Seeking Alpha)
 
Economic Calendar

8:30 Empire State Mfg Survey
8:30 Retail Sales
10:00 Business Inventories

S&P 500

Today is Cycle Day 3 (CD3)…Having previously fulfilled 3 Day Cycle price targets, continuation above last week’s high will be required to prove further bullish strength. Overnight trade is subdued as price wiggle-waggles (technical-term) around 2804.25 settlement.

Market Bias: Short-term: Bullish

CD3 Range High = 2823.50          CD3 Range Low = 2783.50          CD3 Range Avg = 29.50 

Scenario 1: IF price clears and converts PH (2807.25), THEN upside targets 2815.75 CD3 Penetration Level.

Scenario 2: IF price violates and converts 2799.50, THEN downside targets 2789.75.

Range Projections and Key Levels (ES) September (U) Contract

HOD  ATR Range Projection: 2822.50; LOD ATR Range Projection: 2787.50; Cycle Day 1 Low: 2761.75; 3 Day Central Pivot: 2789.75; 3 Day Cycle Target: 2793.00; 10 Day Average True Range 21.63; VIX: 12.60

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 3 (CD3)…Having previously fulfilled 3 Day Cycle price targets, continuation above last week’s high will be required to prove further bullish strength. Overnight trade is subdued as price wiggle-waggles (technical-term) around 7397.75 settlement.

Market Bias: Short-term: Bullish

CD3 Range High = 7442.00          CD3 Range Low = 7362.00          CD3 Range Avg = 108.50

Scenario 1: IF price clears and converts PH (7414.25), THEN upside targets 7465.00 CD3 Penetration Level.

Scenario 2: IF price violates and converts 7385.00, THEN downside targets 7362.00.

Range Projections and Key Levels (NQ) September (U) Contract

HOD  ATR Range Projection: 7468.75; LOD ATR Range Projection: 7335.25; Cycle Day 1 Low: 7138.50; 3 Day Central Pivot: 7327.50; 3 Day Cycle Target: 7294.75; 10 Day Average True Range: 78.47; VIX: 12.60

Click Here

Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.

Stay Focused…Non-Biased…Disciplined  ALWAYS USE STOPS!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.

Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.

This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

Trade Strategy 7.13.18

Markets
 
A slew of Wall Street banks are reporting quarterly results before the bell today, unofficially kicking off the second-quarter earnings season. Markets could pick up steam if a positive print is recorded at JPMorgan (NYSE:JPM), Wells Fargo (NYSE:WFC), Citigroup (NYSE:C), First Republic Bank (NYSE:FRC) and PNC Financial (NYSE:PNC). Overall S&P 500 companies are expected to post second-quarter profit growth of around 21%, according to Thomson Reuters.
 
In Asia, Japan +1.9%. Hong Kong +0.2%. China -0.2%. India flat. 
In Europe, at midday, London +0.5%. Paris +0.4%. Frankfurt +0.2%
Futures at 6:20, Dow flat. S&P flat. Nasdaq flat. Crude -0.5% to $70. Gold -0.4% to $1241.90. Bitcoin -0.1% to $6239. 
Ten-year Treasury Yield flat at 2.84%
 
(Source: Seeking Alpha)
 
Economic Calendar

8:30 Import/Export Prices
10:00 Consumer Sentiment
1:00 PM Baker-Hughes Rig Count

S&P 500

Today is Cycle Day 2 (CD2)…Price fulfilled 3 Day Cycle target zone between 2800.50 – 2603.50 in a strong CD1 uptrend breakout in prior session. Overnight trade has price retreating from highs finding renewed bid 2795 – 2797 zone.

Market Bias: Short-term Bullish

CD2 Range High = 2818.50          CD2 Range Low = 2784.50         CD2 Range Avg = 29.75

Scenario 1: IF price holds bid above PC (2798.25), THEN upside targets 2803.50 – 2809.50 zone.

Scenario 2: IF price violates and converts PC (2798.25), THEN downside measures 2795 – 2790 zone.

Range Projections and Key Levels (ES) September (U) Contract

HOD  ATR Range Projection: 2819.00; LOD ATR Range Projection: 2783.75; Cycle Day 1 Low: 2773.75; 3 Day Central Pivot: 2785.25; 3 Day Cycle Target: 2803.50; 10 Day Average True Range 23.50; VIX: 12.60

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Price fulfilled 3 Day Cycle target  7392.75 in a strong CD1 uptrend breakout in prior session. Overnight trade has price retreating from highs finding renewed bid 7383.50 previous close.

Market Bias: Short-term Bullish

CD2 Range High = 7429.50         CD2 Range Low = 7362.75          CD2 Range Avg = 101.50

Scenario 1: IF price holds bid above PC (7383.50), THEN upside target 7410 – 7429  zone.

Scenario 2: IF price violates and converts PC (7383.50), THEN downside measures 7362.75 – 7355.50 zone.

Range Projections and Key Levels (NQ) September (U) Contract

HOD  ATR Range Projection: 7465.50; LOD ATR Range Projection: 7326.75; Cycle Day 1 Low: 7265.25; 3 Day Central Pivot: 7293.00; 3 Day Cycle Target: 7392.75; 10 Day Average True Range: 87.50; VIX: 12.60

Click Here

Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.

Stay Focused…Non-Biased…Disciplined  ALWAYS USE STOPS!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.

Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.

This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

Trade Strategy 7.12.18

Markets
 
In Asia, Japan +1.2%. Hong Kong +0.6%. China +2.2%. India +0.8%
In Europe, at midday, London +0.8%. Paris +0.7%. Frankfurt +0.6%
Futures at 6:20, Dow +0.7%. S&P +0.5%. Nasdaq +0.5%. Crude +0.8% to $70.95. Gold flat at $1244.10. Bitcoin -3.3% to $6174. 
Ten-year Treasury Yield +2 bps to 2.87%
 
(Source: Seeking Alpha)
 
Economic Calendar

8:30 Consumer Price Index
8:30 Initial Jobless Claims
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
12:15 PM Fed’s Harker Speech
1:00 PM Results of $14B, 30-Year Note Auction
2:00 PM Treasury Budget
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

S&P 500

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 2761.50. Average Range for CD1 is 27.00 handles. Odds of decline > 10 handles = 72% Odds of decline > 20 = 42%

Market Bias: Short-Term – Bullish

CD1 Range High = 2796.50         CD1 Range Low = 2768.25         CD1 Range Avg = 27.00 

Scenario 1: IF price holds above 2775.75, THEN upside objectives measure 2791, followed by 2796 – 2800 zone.

Scenario 2: IF price violates and converts 2775.75, THEN downside objectives measure 2768 – 2765 zone.

Range Projections and Key Levels (ES) September (U) Contract

HOD  ATR Range Projection: 2796.75; LOD ATR Range Projection: 2767.75; Cycle Day 1 Low: 2739.00; 3 Day Central Pivot: 2781.25; 3 Day Cycle Target: 2800.50; 10 Day Average True Range 23.00; VIX: 13.00

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 7198.00. Average Range for CD1 is 93.00 handles. Odds of decline > 20 handles = 72% Odds of decline > 25 = 64%

Market Bias: Short-Term – Bullish

CD1 Range High = 7299.75          CD1 Range Low = 7202.50          CD1 Range Avg = 93.00

Scenario 1: IF price holds above 7255.00, THEN upside objectives measure 7299.50, followed by 7309 – 7312 zone.

Scenario 2: IF price violates and converts 7255.00, THEN downside objectives measure 7216 – 7205 zone.

Range Projections and Key Levels (NQ) September (U) Contract

HOD  ATR Range Projection: 7329.00; LOD ATR Range Projection: 7216.00; Cycle Day 1 Low: 7138.50; 3 Day Central Pivot: 7272.75; 3 Day Cycle Target: 7312.00; 10 Day Average True Range: 79.50; VIX: 13.00

Click Here

Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.

Stay Focused…Non-Biased…Disciplined  ALWAYS USE STOPS!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.

Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.

This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

Trade Strategy 7.11.18

Markets
 
It’s another down day for stocks across the globe after the Trump administration raised the stakes in its trade war with China, saying it would slap 10% tariffs on an extra $200B worth of Chinese imports. The new list appears to target Beijing’s important manufacturing export industries, going after electronics, textiles, metal components and auto parts. Food and personal sectors are also set to be affected, as well as beauty goods and makeup products.
 
In Asia, Japan -1.2%. Hong Kong -1.3%. China -1.8%. India +0.1%
In Europe, at midday, London -1.5%. Paris -1.2%. Frankfurt -1.3%
Futures at 6:20, Dow -0.9%. S&P -0.8%. Nasdaq -1%. Crude -0.7% to $73.60. Gold -0.4% to $1250.70. Bitcoin +0.7% to $6349. 
Ten-year Treasury Yield -3 bps to 2.84%
 
(Source: Seeking Alpha)
 
Economic Calendar

7:00 MBA Mortgage Applications
8:30 Producer Price Index
10:00 Atlanta Fed’s Business Inflation Expectations
10:00 Wholesale Trade
10:30 EIA Petroleum Inventories
1:00 PM Results of $22B, 10-Year Note Auction
3:30 PM Fed’s Williams Speech

S&P 500

Today is Cycle Day 3 (CD3)…After fulfilling Cycle objectives in prior session, prices have hit the skids in overnight trade retreating back to CD1 Low levels. No major damage has been done to current uptrend conditions, so view current trade action from lens of normal ebbs n flows of supply and demand.

Market Bias: Short-term: Bullish

CD3 Range High = 2788.50          CD3 Range Low = 2764.50          CD3 Range Avg = 29.00 

Scenario 1: IF price holds above 2770 handle, THEN recovery bounce targets 2785 prior settlement.

Scenario 2: IF price fails to clear and convert 2780 to support and subsequently violates and converts 2770 to resistance, THEN further downside measures 2757.50 – 2754.50 zone.

Range Projections and Key Levels (ES) September (U) Contract

HOD  ATR Range Projection: 2789.00; LOD ATR Range Projection: 2763.75; Cycle Day 1 Low: 2761.75; 3 Day Central Pivot: 2773.50; 3 Day Cycle Target: 2793.00; 10 Day Average True Range 23.00; VIX: 13.61

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 3 (CD3)…After fulfilling Cycle objectives in prior session, prices have hit the skids in overnight trade retreating back to CD1 Low levels. No major damage has been done to current uptrend conditions, so view current trade action from lens of normal ebbs n flows of supply and demand.

Market Bias: Short-term: Bullish

CD3 Range High = 7256.00          CD3 Range Low = 7164.50          CD3 Range Avg = 108.00

Scenario 1: IF price holds above 7220 handle, THEN recovery bounce targets 7273.00 prior settlement.

Scenario 2: IF price fails to clear and convert 7253.00 to support and subsequently violates and converts 7220 to resistance, THEN further downside measures 7189.50 – 7164.50 zone.

Range Projections and Key Levels (NQ) September (U) Contract

HOD  ATR Range Projection: 7287.75; LOD ATR Range Projection: 7189.50; Cycle Day 1 Low: 7138.50; 3 Day Central Pivot: 7253.00; 3 Day Cycle Target: 7294.75; 10 Day Average True Range: 83.25; VIX: 13.61

Click Here

Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.

Stay Focused…Non-Biased…Disciplined  ALWAYS USE STOPS!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.

Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.

This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

Trade Strategy 7.10.18

Markets
 
In Asia, Japan +0.7%. Hong Kong flat. China +0.4%. India +0.9%
In Europe, at midday, London +0.2%. Paris +0.5%. Frankfurt +0.4%
Futures at 6:20, Dow +0.3%. S&P +0.2%. Nasdaq +0.3%. Crude +0.5% to $74.22. Gold -0.5% to $1253.60. Bitcoin -3% to $6461. 
Ten-year Treasury Yield flat at 2.87%
 
(Source: Seeking Alpha)
 
Economic Calendar

6:00 NFIB Small Business Optimism Index
8:55 Redbook Chain Store Sales
10:00 Labor market condition index
1:00 PM Results of $33B, 3-Year Note Auction

S&P 500

Today is Cycle Day 2 (CD2)…Price continued to rally in prior session fulfilling and exceeding  2793.00 3 Day Cycle Target. Bid holding firm during overnight trade above 2787.25 prior close as bullish momentum remains solidly intact.

Market Bias: Short-term Bullish

CD2 Range High = 2809.00          CD2 Range Low = 2780.25         CD2 Range Avg = 30.75

Scenario 1: IF price holds above 2787.25, THEN upside targets 2796.50 – 2800.25 zone.

Scenario 2: IF price violates and converts 2787.25 to resistance, THEN downside correction targets 2780.25 – 2772.75 previous IB Zone.

Range Projections and Key Levels (ES) September (U) Contract

HOD  ATR Range Projection: 2812.00; LOD ATR Range Projection: 2771.50; Cycle Day 1 Low: 2761.75; 3 Day Central Pivot: 2754.25; 3 Day Cycle Target: 2793.00; 10 Day Average True Range 25.89; VIX: 12.40

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Price continued to rally in prior session fulfilling and exceeding  7294.75 3 Day Cycle Target. Bid holding firm during overnight trade above 7302.50 prior close as bullish momentum remains solidly intact.

Market Bias: Short-term Bullish

CD2 Range High = 7349.50         CD2 Range Low = 7231.50          CD2 Range Avg = 104.00

Scenario 1: IF price holds above 7302.50, THEN upside targets 7322.75 – 7349.25 zone.

Scenario 2: IF price violates and converts 7302.50 to resistance, THEN downside correction targets 7294.75 – 7284.50 zone.

Range Projections and Key Levels (NQ) September (U) Contract

HOD  ATR Range Projection: 7390.25; LOD ATR Range Projection: 7243.00; Cycle Day 1 Low: 7232.25; 3 Day Central Pivot: 7186.50; 3 Day Cycle Target: 7294.75; 10 Day Average True Range: 92.50; VIX: 12.40

Click Here

Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.

Stay Focused…Non-Biased…Disciplined  ALWAYS USE STOPS!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.

Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.

This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

Trade Strategy 7.9.18

Markets
 
In Asia, Japan +1.2%. Hong Kong +1.3%. China +2.5%. India +0.8%
In Europe, at midday, London +0.4%. Paris +0.6%. Frankfurt +0.2%
Futures at 6:20, Dow +0.5%. S&P +0.4%. Nasdaq +0.4%. Crude -0.2% to $73.65. Gold +0.7% to $1265. Bitcoin -0.1% to $6699. 
Ten-year Treasury Yield +2 bps to 2.85%
 
(Source: Seeking Alpha)
 
Economic Calendar

9:10 Fed’s Kashkari speech
12:30 PM TD Ameritrade IMX
3:00 PM Consumer Credit

S&P 500

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 2742.00. Average Range for CD1 is 27.00 handles. Odds of decline > 10 handles = 72% Odds of decline > 20 = 42%

Market Bias: Short-Term – Bullish

CD1 Range High = 2784.50         CD1 Range Low = 2752.50         CD1 Range Avg = 27.00 

Scenario 1: IF price holds bid above 2766.25, THEN upside targets 2775.00 – 2781.00  zone.

Scenario 2: IF price holds offer below 2762.50, THEN downside targets 2752.50 – 2742.50 zone.

Range Projections and Key Levels (ES) September (U) Contract

HOD  ATR Range Projection: 2787.50; LOD ATR Range Projection: 2749.50; Cycle Day 1 Low: 2739.00; 3 Day Central Pivot: 2734.00; 3 Day Cycle Target: 2793.00; 10 Day Average True Range 25.86; VIX: 13.25

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 7146.50. Average Range for CD1 is 93.50 handles. Odds of decline > 20 handles = 72% Odds of decline > 25 = 64%

Market Bias: Short-Term – Bulliah

CD1 Range High = 7282.50          CD1 Range Low = 7176.50          CD1 Range Avg = 93.50

Scenario 1: IF price holds bid above 7237.75, THEN upside targets 7256.00 – 7270.50  zone.

Scenario 2: IF price holds offer below 7231.00, THEN downside targets 7196.75 – 7176.50  zone.

Range Projections and Key Levels (NQ) September (U) Contract

HOD  ATR Range Projection: 7329.75; LOD ATR Range Projection: 7172.50; Cycle Day 1 Low: 7138.50; 3 Day Central Pivot: 7105.75; 3 Day Cycle Target: 7294.75; 10 Day Average True Range: 97.50; VIX: 13.25

Click Here

Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.

Stay Focused…Non-Biased…Disciplined  ALWAYS USE STOPS!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.

Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.

This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN